tigereye Posted May 2, 2015 Share Posted May 2, 2015 (edited) http://m.bizjournals.com/houston/news/2015/05/01/amid-low-oil-prices-camden-puts-brakes-on-houston.html?r=fullCamden has deliberately slowed work on Camden McGowen Station in hopes that construction costs will come down, Campo said. Camden plans to begin vertical construction on the apartment this fall, he said. Edited May 2, 2015 by tigereye Quote Link to comment Share on other sites More sharing options...
hindesky Posted May 2, 2015 Share Posted May 2, 2015 http://m.bizjournals.com/houston/news/2015/05/01/amid-low-oil-prices-camden-puts-brakes-on-houston.html?r=full Signs at the site say "McGowen Station Parking Garage", so this sounds about right. 1 Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted May 2, 2015 Share Posted May 2, 2015 This makes me so angry Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted May 2, 2015 Share Posted May 2, 2015 So the park itself? What happens there? Is the park moving foward just not the apartments? 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 3, 2015 Share Posted May 3, 2015 What Campo needs I think is to have the leasing activity of a boom and the construction costs of a bust. That is his magic formula. I doubt he would be building this at all if it weren't for his Latin wife screaming at him every evening, "If you do not start on this edificio, you are not a man!" Okay, I made the last part up. 3 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 (edited) What Campo needs I think is to have the leasing activity of a boom and the construction costs of a bust. That is his magic formula.Unfortunately I think you're right in assuming Campo has extremely unrealistic expectations..And yeah, what jcuervez(?) asked.. Will the park at least be moving forward? Edited May 3, 2015 by cloud713 Quote Link to comment Share on other sites More sharing options...
tigereye Posted May 3, 2015 Share Posted May 3, 2015 So the park itself? What happens there? Is the park moving foward just not the apartments?The read I get on things is unlike Camden Conte, McGowen Station Apartments will move forward. The delay is obviously to allow for the garage to be built first, then the apartment building atop, a la Block 334. As for the Park, IIRC that's a Midtown Management District project (not Camden's) that is happening in conjunction with the apartments on the site. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 Yeah it's def not Camden doing the park. So if the apartments don't move forward after the garage is built, the park won't move forward either?? Quote Link to comment Share on other sites More sharing options...
tigereye Posted May 3, 2015 Share Posted May 3, 2015 Yeah it's def not Camden doing the park. So if the apartments don't move forward after the garage is built, the park won't move forward either??Not certain where everyone is getting the vibe of the apartments aren't moving forward. Campo himself is saying vertical construction on the apartment building will begin this fall. The garage is the foundation for the apartment building and has to be constructed first. Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 no. Campo said he HOPED to start vertical construction this fall. assuming construction costs come down..and last i checked the underground garage a public amenity for the park, not just for Camden... Quote Link to comment Share on other sites More sharing options...
tigereye Posted May 3, 2015 Share Posted May 3, 2015 no. Campo said he HOPED to start vertical construction this fall. assuming construction costs come down..and last i checked the underground garage a public amenity for the park, not just for Camden...I get that the article says he's deliberately slowed McGowen Station's construction but I take this is also speaking in past tense. IIRC, McGowen Station site work including garage was supposed to start last December. Construction has already been delayed, even on the garage. As for the garage, it's an amenity large enough to hand both park and apartment capacity. The mere fact that it's under construction to me means the apartments will happen at some point Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 well yeah, I'm not doubting Campo will eventually build the apartments, he's had the land for how many years? its just a matter of if he just pissed away another perfectly good opportunity to build it and we have to wait for however many more years until something happens at this prime site in the middle of midtown... hopefully not, but his track record as of late hasn't been very good.. Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted May 3, 2015 Share Posted May 3, 2015 http://m.bizjournals.com/houston/news/2015/05/01/amid-low-oil-prices-camden-puts-brakes-on-houston.html?r=fullYeah right. How is that going to be possible when the garage is gonna take TWO YEARS, and the apartments are going ABOVE THE GARAGE. I loathe this creep so much. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 (edited) thanks Howard.. i forgot about that timeline. Edited May 3, 2015 by cloud713 1 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted May 3, 2015 Share Posted May 3, 2015 (edited) September 18th, 2017 is when the garage will be finished according to the sign. Edited May 3, 2015 by Howard Huge Quote Link to comment Share on other sites More sharing options...
Triton Posted May 3, 2015 Share Posted May 3, 2015 September 18th, 2017 is when the garage will be finished according to the sign. Isn't that just a worst case scenario date? I am not sure... 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 Do you honestly think in a "best case scenario", that the 2 year timetable they sat aside for the garage could be completed in 3-4 months? Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 3, 2015 Share Posted May 3, 2015 No one in their right mind thinks it would take 2 years for a garage...this is clearly a permit for the garage and apartments. It's easier to apply for the permit and then go back and revise t to add things later... 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 so they are calling the apartments "McGowen Station Parking Garage"..? 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 3, 2015 Share Posted May 3, 2015 i agree, it shouldn't take anywhere near 2 years to build. but i doubt they will have the garage portion completed in 3-4 months. it took forever to build the garage for Block 334, and Broadstone Skyline(?) has been a big hole for quite some time now too.. and those are only 1 block sites. the superblock is 4 times the size (not sure if the garage is going the full length though?), so i don't see how Campo could start construction this fall. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted May 4, 2015 Share Posted May 4, 2015 No one in their right mind thinks it would take 2 years for a garage...this is clearly a permit for the garage and apartments. It's easier to apply for the permit and then go back and revise t to add things later...My thoughts exactly. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 4, 2015 Share Posted May 4, 2015 i agree, it shouldn't take anywhere near 2 years to build. but i doubt they will have the garage portion completed in 3-4 months. it took forever to build the garage for Block 334, and Broadstone Skyline(?) has been a big hole for quite some time now too.. and those are only 1 block sites. the superblock is 4 times the size (not sure if the garage is going the full length though?), so i don't see how Campo could start construction this fall. That's not fair to compare this to Block 334...c'mon that's like the biggest extreme of an exception I'm saying that it's possible to say this project will take 2 years on a permit, then revise it later on when the market is right (which it looks like it will be soon) to revise the permit. Besides, this is only a Construction Eco permit, which is basically saying they won't spill contaminants into the water supply while construction is ongoing. It's not a very "important" permit in the grand scheme of things. 1 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 4, 2015 Share Posted May 4, 2015 Ah cool, didn't even consider what type of permit it was. Hopefully they are still following through with that Chron article on the last page that says the park will be open in 2016. That's all I'm really worried about. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 4, 2015 Share Posted May 4, 2015 I'm not sure I understand why we're worried the apartments won't be built. If the underground garage and the park get built but the apartments die, isn't that the best of all possibilities? Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted May 4, 2015 Share Posted May 4, 2015 Okay, I made the last part up. All that hyperventilation over a six-story wrap? All the numbers that have come in so far say things haven't been as bad as expected. And oil's $59 a barrel. What if this was all a hoax to scare off guys like Campo? Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted May 4, 2015 Share Posted May 4, 2015 Unfortunately I think you're right in assuming Campo has extremely unrealistic expectations..And yeah, what jcuervez(?) asked.. Will the park at least be moving forward?JCuevas 1 Quote Link to comment Share on other sites More sharing options...
jt16 Posted May 4, 2015 Share Posted May 4, 2015 JCuevas J Cuervo is a friend of mine 2 Quote Link to comment Share on other sites More sharing options...
Purdueenginerd Posted May 4, 2015 Share Posted May 4, 2015 http://swamplot.com/why-superblock-construction-is-moving-superslow/2015-05-04/ Swamplot with an article on this. THis doesnt smell right either. Camden has deliberately slowed work on Camden McGowen Station in hopes that construction costs will come down, Construction Costs?! I dont buy it. Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 4, 2015 Share Posted May 4, 2015 All that hyperventilation over a six-story wrap? All the numbers that have come in so far say things haven't been as bad as expected. And oil's $59 a barrel. What if this was all a hoax to scare off guys like Campo? Hyperventilation? Quote Link to comment Share on other sites More sharing options...
j_cuevas713 Posted May 4, 2015 Share Posted May 4, 2015 J Cuervo is a friend of mineHe's my cousin Quote Link to comment Share on other sites More sharing options...
tigereye Posted May 4, 2015 Share Posted May 4, 2015 September 18th, 2017 is when the garage will be finished according to the sign. It's possible this date is actually referring to completion of the entire project including apartments. I echo the sentiments of others before me, no way a garage takes 28 months to build. But I agree with Cloud, the "planned" fall start of vertical construction (as HBJ put it) may be too aggressive considering how long Block 334 took to construct its garage. So in the end, Campo will actually get his delay to hold off as long as possible in hopes construction costs fall. I'll predict a 2Q 2016 start on vertical construction on the apartments with completion by 9/18/2017 3 Quote Link to comment Share on other sites More sharing options...
toxtethogrady Posted May 5, 2015 Share Posted May 5, 2015 Construction Costs?! I dont buy it. Let's put it this way - if they think they can get it cheaper by waiting, they're dreaming. Or sharing the bowl that HISD is smoking. 1 Quote Link to comment Share on other sites More sharing options...
DrLan34 Posted May 5, 2015 Share Posted May 5, 2015 http://swamplot.com/why-superblock-construction-is-moving-superslow/2015-05-04/ Quote Link to comment Share on other sites More sharing options...
jmitch94 Posted May 5, 2015 Share Posted May 5, 2015 How someone this scared of risk gets to his position I have no idea. 2 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 5, 2015 Share Posted May 5, 2015 Lol how is this being "scared of risk" just because he wants to save money?No, this is just American capitalism. Quote Link to comment Share on other sites More sharing options...
swtsig Posted May 5, 2015 Share Posted May 5, 2015 if the members of HAIF ran a development firm it would be insolvent within 6 months. rest assured ric campo has forgotten more about succesful development this week than most here have learned in their entire collective lives. 4 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 5, 2015 Share Posted May 5, 2015 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 5, 2015 Share Posted May 5, 2015 If haif members ran things, Houston would be awesome. 2 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 5, 2015 Share Posted May 5, 2015 If haif members ran things, Houston would be awesome.As well as completely bankrupt. 1 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 5, 2015 Share Posted May 5, 2015 As well as completely bankrupt.Naw, our developments will be so unbelievably awesome we will have billions on profit.You got to be on the game to win it and you got to take risks. 1 Quote Link to comment Share on other sites More sharing options...
Triton Posted May 5, 2015 Share Posted May 5, 2015 As well as completely bankrupt. Overbuilt, unaffordable, and bankrupt. 2 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 5, 2015 Share Posted May 5, 2015 Naw, our developments will be so unbelievably awesome we will have billions on profit.You got to be on the game to win it and you got to take risks.Financial intelligence does not equate to taking risks. Quote Link to comment Share on other sites More sharing options...
The Pragmatist Posted May 6, 2015 Share Posted May 6, 2015 I can imagine the HAIF plan for this site now: A 1,777-foot tall (take that One WTC) ultimate mixed-use multi-tower development spreading onto the nearby blocks designed by the hot architect of the day. All of this comes with a miniscale Central Park at the towers' bases. A suspended skydeck at 1,400 ft between the towers provides an excellent opportunity for the first "Drive to the Sky," a new sky-bound golf driving range concept with a full restaurant and bar. Seven full-sized grocery stores adorn the development at levels 1, 25, 39, 52, 75, 88, and 103. At the top of the westernmost building, a high-speed zip line descends into a now open air Astrodome wunder park. A short escalator ride down provides easy access to the newly-built subway station that lies beneath. A hub of sorts, the development sits at a junction between the IAH/Downtown/Med Center/Reliant/Hobby subterranean replacement for the Metrorail Red Line and the east-west line between the East End, UH/TSU, Montrose, and Uptown. In a high-minded effort to shift away from the outdated car culture of the 20th century, no parking garages will be built on site. Rather, seven floors of bike racks will be provided for all those residents or tenants that wish to commute into or out of the property. All of this will be completed in a remarkable time frame in order to be ready for 2017's Super Bowl LI. 6 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 6, 2015 Share Posted May 6, 2015 Financial intelligence does not equate to taking risks.It does sometimes 1 Quote Link to comment Share on other sites More sharing options...
H-Town Man Posted May 6, 2015 Share Posted May 6, 2015 if the members of HAIF ran a development firm it would be insolvent within 6 months. rest assured ric campo has forgotten more about succesful development this week than most here have learned in their entire collective lives. Come on, Campo managed to get through the biggest construction boom Houston has seen in 30 years without mustering a single erection. All the people on here saying Campo is so smart with his money and knows so much about development would probably say the same thing about Gerald Hines. But Gerald Hines managed to start half a dozen buildings in two years and Campo hasn't done anything. So is Campo smart or is Hines smart? If they're both smart, why does Hines build and Campo doesn't? Also, as I've said before, a poster on HAIF cannot put down other posters on HAIF without putting down himself. If you're too big for HAIF, don't let the door hit you. But don't put down posters on HAIF while posting on HAIF. 4 Quote Link to comment Share on other sites More sharing options...
HoustonIsHome Posted May 6, 2015 Share Posted May 6, 2015 (edited) Come on, Campo managed to get through the biggest construction boom Houston has seen in 30 years without mustering a single erection. Sounds like Campo needs some little blue pills Edited May 6, 2015 by HoustonIsHome 2 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted May 6, 2015 Share Posted May 6, 2015 if the members of HAIF ran a development firm it would be insolvent within 6 months. rest assured ric campo has forgotten more about succesful development this week than most here have learned in their entire collective lives. So by that logic, Hines, The Novare Group, Leon Capital, JLB Patners, Midway, and Houston First (who recently started construction on a downtown office tower/hotel, yet oddly enough is run by the same guy who says now is a bad time to start contruction), are all about to lose their collective asses in the next 6 months since they have all recently started construction on large projects in a time when only a bunch of idiots on HAIF would build, you know, because of construction costs being too high.It will be sad to see all of the above companies build themselves into insolvency over the next 6 months, especially Houston First. But at least Ric Campo will still have his job with Camden when that happens. 2 Quote Link to comment Share on other sites More sharing options...
cloud713 Posted May 6, 2015 Share Posted May 6, 2015 apparently a residential development in Midtown, directly fronting a light rail station, with the new Midtown Park being built on the same freaking block, isn't reason enough for Campo to move forward with this project.. 5 Quote Link to comment Share on other sites More sharing options...
Howard Huge Posted May 6, 2015 Share Posted May 6, 2015 apparently a residential development in Midtown, directly fronting a light rail station, with the new Midtown Park being built on the same freaking block, isn't reason enough for Campo to move forward with this project..Oh shut up Cloud, you're just another one of these idiot keyboard developers on HAIF who isn't even even worthy of typing the Almighty Ric Campo's name in your posts.How dare you post something that disagrees with Campo? Just do us all a favor and never post any criticism of him again, ok? He's so much smarter than you that one of his bowel movements knows more about successful developing than your dumb ass will EVER know. 1 Quote Link to comment Share on other sites More sharing options...
BigFootsSocks Posted May 6, 2015 Share Posted May 6, 2015 Oh sweet I love the psuedo passive aggressive ignorance from you guys. We can't have a discussion here because one of you always gets super butthurt about arguing. Quote Link to comment Share on other sites More sharing options...
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